Daily Singapore stocks market scan, using MACD Scanner, the MACD scanner has picked 17 stocks on December 2, 2011 end of day, EOD that passed the scan criteria for volume exceeding 100K and price closed above $1. Total 17 stocks were bullish. The market seems confident. Especially, those who missed the last round to buy did not want to miss again. Be caution. As a trader you are responsible for what you decide and act. STI closed 11.48 points higher the previous closed. So, for week closed December 2, 2011 was up 129.43 points higher the previous week closed November 25, 2011.
This is the first bull price bar after four consecutive bear bars for entire November. Will the bear get defeated by the bull, or just for last week only. Will see.
What is MACD?
MACD stands for Moving Average Convergence Divergence, MACD indicator makes up of 2 lines. The MACD line and MACD signal line. The MACD line and signal line will cross up and down of the zero line.
When the MACD lien crosses over the MACD signal line the trend is bullish. When the MACD line crosses below the MACD signal line the trend is bearish.
When the MACD line crosses above zero line the trend is bullish. When the MACD line crosses below zero line the trend is bearish.
See the Straits Times Index weekly chart for the price bars.
| Company | type | Close | Vol.(K) | Screening Result |
| SINGTEL | bullish |
3.12 |
10733 |
MACD Cross-Up Signal |
| STRAITS ASIA RESOURCES LIMITED | bullish |
2.03 |
8273 |
MACD Cross-Up Signal |
| WILMAR INTERNATIONAL LIMITED | bullish |
5.16 |
5980 |
MACD Cross-Up Signal |
| CAPITALAND LIMITED | bullish |
2.63 |
4483 |
MACD Cross-Up Signal |
| ASCENDAS REAL ESTATE INV TRUST | bullish |
2.04 |
4350 |
MACD Cross-Up ZeroLine |
| SEMBCORP MARINE LTD | bullish |
3.96 |
3621 |
MACD Cross-Up Signal |
| DBS GROUP HOLDINGS LTD | bullish |
12.8 |
3180 |
MACD Cross-Up ZeroLine |
| SUNTEC REAL ESTATE INV TRUST | bullish |
1.155 |
2775 |
MACD Cross-Up Signal |
| KEPPEL LAND LIMITED | bullish |
2.59 |
2083 |
MACD Cross-Up Signal |
| CAPITACOMMERCIAL TRUST | bullish |
1.09 |
1791 |
MACD Cross-Up Signal |
| SP AUSNET | bullish |
1.265 |
392 |
MACD Cross-Up Signal |
| RAFFLES MEDICAL GROUP LTD | bullish |
2.2 |
318 |
MACD Cross-Up ZeroLine |
| HONG LEONG ASIA LTD. | bullish |
1.61 |
247 |
MACD Cross-Up Signal |
| SIA ENGINEERING CO LTD | bullish |
3.55 |
211 |
MACD Cross-Up Signal |
| GUOCOLAND LIMITED | bullish |
1.675 |
201 |
MACD Cross-Up Signal |
| HO BEE INVESTMENT LIMITED | bullish |
1.21 |
116 |
MACD-H +ve Divergence |
| UNITED INDUSTRIAL CORP LTD | bullish |
2.77 |
107 |
MACD Cross-Up ZeroLine |
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD characteristics. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here.